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* X# l7 X7 [7 I" Q4 V, C8 XEDMONTON JOURNAL MAY 8, 2013
! g l6 [( n5 H6 k C7 M# _4 iHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
8 o0 Z6 y+ D1 I* Z4 p1 T' U( r+ ZPhotograph by: John Lucas, file , Edmonton Journal
# _3 ]0 @( U5 Y2 ?5 O+ m' I8 cEDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.
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* x f/ p5 n/ q* G$ L, |/ `: IBuilders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.
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8 \7 X" \' D) O: O( B( V% i“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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0 |5 W( T: ~8 L/ [3 LIn Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.
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. j' N) o6 B. a% mThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.& A8 P+ K0 T* J" `+ u! s
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Consumers remain confident despite a moderating pace of economic growth, he said.8 X9 Z$ I C9 O3 s& \! u4 d7 H
) k8 p1 F1 q& h# b“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.
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